The seven awards could see more than $530 million invested over the next six years, a statement by the Northern Australia’s minister for resources and Northern Australia, Matt Canavan reads.

“The permits are located in Commonwealth waters off Western Australia, Victoria and the territory of Ashmore and Cartier Islands,” the minister said, adding that the permits have been awarded to “a mix of small, medium and large explorers.”

He also noted that the round one for the 2018 Offshore Petroleum Exploration Acreage release has garnered a lot of interest, attracting 12 bids. All bids are currently under assessment with offers expected from March 2019.

Minister Canavan said the process was recently reviewed and improvements made to ensure the acreage release process continued to deliver strong outcomes.

“The 2019 acreage release will serve as a transition into the streamlined system. Nominations can be submitted for the 2019 release until November 15, 2018,” minister concluded.

6th Mozambique Gas Summit & Exhibition

LNG2019

01/04/2019 - 05/04/2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.